A whale address sold off its 264.8 WBTC that it had previously "buy the dips" after the market rebounded, incurring a loss of $5.15 million.
AI Summary1 min read
TL;DR
A whale sold 264.8 WBTC at a loss of $5.15 million after buying during a dip, now holding gold tokens with a $1.07 million profit.
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Wrapped BitcoinDeFiBitcoinLayer 1Tether GoldHalving TokenswhaleWBTClosscryptocurrencyBinance
On January 14, according to on-chain data analyst Yu Jin, a whale address transferred 264.8 WBTC (currently worth approximately $24.85 million) that it had purchased at the end of October for $30 million at an average price of $113,262, to Binance after the BTC price rose, resulting in a loss of $5.15 million.
The whale currently holds $13.49 million worth of gold tokens (XAUt and PAXG), with an average purchase price of $4,239, and is currently showing a floating profit of $1.07 million.